Wall Street CEO Seth Merrin: ‘Trading is an industry in crisis’

‘Before the financial crisis it was just high margin, high profit. That’s just not the case today’, says Liquidnet boss

Seth Merrin, chief executive of Liquidnet
Reuters

By

Samuel Agini

September 6, 2019 1:01 am GMT

The chief executive of one of the largest independent brokers on Wall Street has warned that the trading industry is in crisis.

In an interview with Financial News, Seth Merrin, who founded broker Liquidnet in 1999 as a trading network for asset managers, said: “I don’t think it’s an understatement to say that we’re an industry in crisis.